COKE on Nasdaq

Coca-Cola Consolidated, Inc.

Logo: http://www.annualreports.com/Company/coca-cola-bottling-co-consolidated, Non-free logo, via Wikipedia4

American beverage bottler

Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States. The company makes, sells and distributes Coca-Cola products along with other beverages, distributing to a market of 65 million people in 14 states.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

$7.2BRevenue, fiscal 20255
$570.6MNet income, fiscal 20255
1902Founded1

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  • TickerCOKE on Nasdaq1
  • Industrybeverage industry, food processing1
  • HeadquartersCharlotte1
  • Founded inGreensboro1
  • Websitewww.cokeconsolidated.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address4100 Coca Cola Plz, Charlotte, Nc 282116
  • Filer categoryLarge accelerated filer6

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Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

39.7%Gross margin5
13.2%Operating margin5
7.9%Net margin5
4.8%Revenue growth, 20255
$619.6MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Nonalcoholic Beverage brought in 96% of the revenue Coca-Cola Consolidated, Inc. broke down this way in fiscal 2025.

  1. Nonalcoholic Beverage$7.2B596%up 5% from 2024
  2. Other Operating$326.0M54%down 5% from 2024
Business segments by year
Business segments202320242025
Nonalcoholic Beverage$6.6B$6.8B$7.2B
Other Operating$367.4M$342.9M$326.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue60¢$4.4B
  • Selling, general and admin27¢$1.9B
  • Other costs2¢$177.7M
  • Income tax3¢$202.3M
  • Profit8¢$570.6M

Out of $7.2B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending10¢$312.3M
  • Dividends paid3¢$86.7M
  • Share buybacks87¢$2.6B

Out of $931.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue891011125$7.2B in 2025+56% since 2018
0$2.0B$4.0B$6.0B$8.0B2018: $4.6B$4.6B20182019: $4.8B$4.8B2019+4%2020: $5.0B$5.0B2020+4%2021: $5.6B$5.6B2021+11%2022: $6.2B$6.2B2022+11%2023: $6.7B$6.7B2023+7%2024: $6.9B$6.9B2024+4%2025: $7.2B$7.2B2025+5%
Gross profit891011125$2.9B in 2025+85% since 2018
0$1.0B$2.0B$3.0B2018: $1.6B$1.6B20182019: $1.7B$1.7B2019+7%2020: $1.8B$1.8B2020+6%2021: $2.0B$2.0B2021+10%2022: $2.3B$2.3B2022+17%2023: $2.6B$2.6B2023+14%2024: $2.8B$2.8B2024+6%2025: $2.9B$2.9B2025+4%
Operating income891011125$950.7M in 2025+1542% since 2018
0$250.0M$500.0M$750.0M$1.0B2018: $57.9M$57.9M20182019: $180.8M$180.8M2019+212%2020: $313.4M$313.4M2020+73%2021: $439.2M$439.2M2021+40%2022: $641.0M$641.0M2022+46%2023: $834.5M$834.5M2023+30%2024: $920.4M$920.4M2024+10%2025: $950.7M$950.7M2025+3%
Net income891011125$570.6M in 2025
-$200.0M0$200.0M$400.0M$600.0M$800.0M2018: -$19.9M-$19.9M20182019: $11.4M$11.4M20192020: $172.5M$172.5M2020+1416%2021: $189.6M$189.6M2021+10%2022: $430.2M$430.2M2022+127%2023: $408.4M$408.4M2023−5%2024: $633.1M$633.1M2024+55%2025: $570.6M$570.6M2025−10%

Every line of the income statement in the latest annual report, as filed.5

Period ending2025-12-312024-12-312023-12-31
Net sales$7.2B$6.9B$6.7B
Cost of sales$4.4B$4.1B$4.1B
Gross profit$2.9B$2.8B$2.6B
Selling, delivery and administrative expenses$1.9B$1.8B$1.8B
Income from operations$950.7M$920.4M$834.5M
Interest expense (income), net$42.7M$1.8M-$918.0K
Mark-to-market on acquisition related contingent consideration$131.9M$59.2M$159.4M
Pension plan settlement expense$0$0$112.8M
Other expense, net$3.2M$2.7M$5.7M
Income before taxes$772.9M$856.7M$557.5M
Income tax expense$202.3M$223.5M$149.1M
Net income$570.6M$633.1M$408.4M

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The story

In 1902, the company that later became Coca-Cola Bottling Company Consolidated was founded by the current chairman's great-grandfather, J. B. Harrison. That company was merged with other bottlers to form Coca-Cola Bottling Co. Consolidated in 1973. The company was incorporated in 1980, acquired Wometco in 1985, and acquired Sunbelt Coca-Cola in 1991.

The company describes its purpose as "to honor God in all we do, to serve others, to pursue excellence, and to grow profitably."

From Wikipedia’s article on Coca-Cola Consolidated, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Former owners and parents

From Wikidata.1

Former names

  • COCA COLA BOTTLING CO CONSOLIDATED /DE/Nov 14, 1994 to Dec 3, 20186

Timeline

  1. 1902Founded Founded in Greensboro1

Recent filings

  1. Aug 5, 20268-K
  2. Aug 5, 202610-Q
  3. May 13, 20268-K
  4. May 6, 20268-K
  5. May 6, 202610-Q
  6. Apr 29, 2026SCHEDULE 13G
  7. Apr 29, 2026SCHEDULE 13G
  8. Mar 26, 2026SCHEDULE 13G/A
  9. Mar 23, 2026ARS
  10. Mar 23, 2026DEF 14A
  11. Mar 23, 2026DEFA14A
  12. Mar 5, 2026SCHEDULE 13G/A
  13. Feb 26, 2026SCHEDULE 13D/A
  14. Feb 18, 20268-K
  15. Feb 18, 202610-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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